NEW YORK, Feb 20 (Reuters) - Federal Reserve Bank of Dallas President Lorie Logan said Friday that monetary policy is “well positioned” to deal with the risks facing the economy, as she continues to have worries that inflation will not retreat to the Fed’s 2% target quickly enough.
Logan said she was “cautiously optimistic" that given where monetary policy stands "we're on a path" for inflation to come back down toward our target.
But she added at an event at Columbia University that “I'm not fully convinced that we're on a pathway to our 2% target, and when I look at overall how the economy is evolving, of course, the tariffs are still working their way through the system.” She added that the Supreme
Court tariff decision adds new uncertainty for the outlook for these import taxes.
Reporting by Michael S. Derby
